Question: Question 6 The table below presents quotes and cross - quotes on GBP and CHF . If all traders use triangular arbitrage to maximize profits,
Question
The table below presents quotes and crossquotes on GBP and CHF
If all traders use triangular arbitrage to maximize profits, then the dollar price
of GBP for the New York dealer will
; the CSF price of GBP for the
Zurich dealer will ; and the dollar price of CHF for the Chicago
dealer will
decrease, increase, increase
increase, decrease, decrease
increase, increase, decrease
decrease, decrease, increase
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